Qantas restructures after posting record full-year loss

Qantas is making major changes to its corporate structure that will allow it to attract new foreign shareholders for its international business following a full fiscal year record loss of A$2.8 billion ($2.6 billion).
The new structure will see the creation of a holding company that will oversee separate domestic and international entities. A move of this type has been expected due to the government’s recent relaxation of foreign ownership restrictions that apply to Qantas.
The carrier ...